History. Code 1981, § 34-9-386 , enacted by Ga. L. 1990, p. 770, § 1; Ga. L. 1991, p. 94, § 34; Ga. L. 1995, p. 638, § 3; Ga. L. 2010, p. 126, § 4/HB 1101; Ga. L. 2016, p. 287, § 11/HB 818.
The 2016 amendment, effective July 1, 2016, substituted “$15 million” for “$10 million” in the second sentence of paragraph (a)(1); inserted “, penalty, or fine” in the second sentence of paragraph (a)(5); substituted “self-insured” for “insured” in subparagraph (a)(5)(D); inserted “that” in the middle of paragraph (b)(1); substituted “accept an irrevocable letter of credit” for “accept any irrevocable letter of credit or other acceptable forms of security” in the first sentence of paragraph (b)(2); inserted “, penalties, and fines” near the middle of the first sentence of subsection (c); and deleted “increasing security” following “comply with a board order” near the beginning of subsection (d).
Law reviews.
For annual survey of law on labor and employment law, see 62 Mercer L. Rev. 181 (2010).
Structure Georgia Code
Title 34 - Labor and Industrial Relations
Chapter 9 - Workers’ Compensation
Article 10 - Self-Insurers Guaranty Trust Fund
§ 34-9-380. Purpose of Article
§ 34-9-383. Membership of Board of Trustees of Fund
§ 34-9-384. General Powers of Board of Trustees
§ 34-9-385. Bankruptcy of Participants
§ 34-9-387. Reimbursement and Security Deposit From Participant for Compensation Obligations
§ 34-9-389. State Absolved of Responsibility for Debts Incurred Under Fund